HeavenWood wrote: StrictlyBusiness wrote:
fatduck wrote:you know that everything's bigger in texas, right? your mailbox is gonna be 5 miles away from your garage. good luck keeping it under 15k miles/yr.
Excellent point. I also realized the error of my ways suggesting a Mercedes in Texas, so I priced out the biggest Chevy Truck I could find with all the options. Under $1,200/mo with a tiny down payment. Give me that extra $800 for gas and mileage I spend towing around large herds of cattle and we're right at $2k/mo. Boom, TX>NY.
Breaking news: Even with gas-guzzling automobile, Texas cheaper than NYC
You forgot insurance and maintenance. Also, if you live in certain parts of Texas, count tickets. More like $2,500/month. That's at least $30,000 you spend in TX that you wouldn't spend in NYC - subway costs. Also, in TX, you have to buy a McMansion to satisfy people's expectations of social status. Count the energy bill on top of that. TX may not have an income tax, but TX has rather high sales and property taxes (as does NYC) - at any rate, it's not like you pay nothing in taxes.
In NYC, everyone knows it's crowded. Buy a condo with a nice view for the same price as a McMansion in a Houston suburb. It's better to buy, not rent, anyway. Some condos are really surprisingly cheap, given the ridiculously high prevailing rent.
I'm not saying that it really costs less to live in NYC than it does to live in TX. It might well still cost a lot more to live in NYC--even including factors these simplistic COL calculators don't account for. However, the common methods of comparing COL compare apples to oranges, as I've explained.
None of this, however, accounts for quality of life. This could favor either TX or New York, depending on the person. That's what it should come down to in the end.